Daily Roundup

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Vection Technologies is riding high on AI momentum, securing approximately $2.3 million in new contracts across five sectors. The company's Algho AI platform is powering four of these deals, spanning healthcare analytics, luxury fashion, public services accessibility, and airport passenger assistance. What's particularly noteworthy is the fifth contract in the security segment—it marks Vection's first recurring revenue contract in that space, worth around $1.3 million in annual recurring revenue that'll be fully recognized in FY26. The company expects to recognize roughly $2 million of this haul in FY26, with the remaining $300,000 flowing through to FY27.

CleanSpace Holdings has cleared a major regulatory hurdle with its AGILE PAPR device. The respiratory protection equipment has now achieved certification to Australia and New Zealand's AS/NZS 17420.2:2021 standard, following hot on the heels of its recent European EN 12941 (TH2) certification. This dual-market validation opens doors for commercialization across major global markets. The AGILE is designed for workers in high dust environments—think mining, construction, and manufacturing—where worker safety is increasingly front and center.

Iluka Resources has landed a significant milestone with a binding, multi-year rare earths offtake agreement with a global automotive company. The deal kicks off in 2028 for an initial four-year term and represents about 10% of Iluka's planned production—roughly 1,200 tonnes of magnet rare earth oxides including neodymium, praseodymium, dysprosium, and terbium. The agreement guarantees minimum revenue of US$155 million over the contract period, though assuming industry forecast pricing, that figure climbs to US$172 million. The pricing structure cleverly balances downside protection against supply security.

In a related update, Iluka also confirmed full access to Export Finance Australia's A$1.65 billion non-recourse loan for its Eneabba rare earths refinery. The company anticipates drawing down Tranche 1 of A$1.25 billion by year-end 2026, at which point the refinery should be 75% complete. Civmec has been awarded the contract for the remaining structural, mechanical, piping, electrical, and instrumentation works. With the refinery already over 50% complete, commissioning is on track for mid-2027. The capital estimate remains pegged at A$1.7 to A$1.8 billion.

Lycopodium Limited has bagged a substantial A$196 million EPCM contract for Resolute Mining's Doropo Gold Project in Côte d'Ivoire. The engineering, procurement, and construction management services cover a 4.9 million tonne per annum processing plant and associated infrastructure. Lycopodium has been involved with the project through various study phases, and the mine is expected to operate for approximately 13 years. The company will provide FY27 guidance on 19 August 2026.

Dexus has announced an estimated distribution of 17.7 cents per security for the first half of 2026. The distribution will be paid by Dexus Property Trust, with an ex-distribution date of 29 June 2026, a record date of 30 June 2026, and payment on 28 August 2026. The distribution is unfranked. Actual distribution details will be confirmed when Dexus releases its full FY26 results.